Emerging Markets Create Growth Opportunity For Payments Transaction Processors: Award Winning Analyst Jamie Friedman Of Susquehanna Financial Group Identifies Key Trends And Future Stock Winners

Emerging Markets Create Growth Opportunity For Payments Transaction Processors: Award Winning Analyst Jamie Friedman Of Susquehanna Financial Group Identifies Key Trends And Future Stock Winners - Yahoo! Finance
There is a lot going on. From a business perspective,the major theme is that a great percentage of the world still transacts in cash, and depending upon what region you're looking at, it's anywhere between 35% in the U.S. and 100% or 95% in emerging markets still conducting transactions in cash. So the opportunity is to technologize the world of cash transactions, and that's where processors have an opportunity, and that's a secular growth story. From an investor perspective, the domestic market has become increasingly regulated - that is, the U.S. market has become increasingly regulated - and it started with the Durbin Amendment, which effectively puts price caps on debit, and that passed Congress this summer and was signed in the White House earlier this summer